| Sir Hugh Nelson at the Treasury.—Credit of Colony Restored.—Assistance to Financial Institutions and Primary Industries.—Savings Bank Stock Act.—Public Debt Reduction Fund.—Treasurer's Cautious and Prudent Administration.—Money Obtained in London at a Record Price | [43-45] |
[CHAPTER V.]
PUBLIC FINANCE (1898-1903).
| The Philp Ministry.—Large Surplus.—Loan Acts for Seven and a-half Millions Sterling.—Drought Disasters and Sacrifices for Federation.—Accumulated Revenue Deficits of over £1,000,000.—Rebuff on London Stock Exchange.—Resignation of Philp Ministry | [46-48] |
[CHAPTER VI.]
PUBLIC FINANCE (1903-1909).
| The Morgan-Kidston Ministry.—Economy in Revenue Expenditure.—Great Reduction in Loan Outlay.—Equilibrium Established at the Treasury.—Retrenchment and Taxation.—Improvement of Finances.—A Record Surplus for Queensland.—Land Sales Proceeds Act.—Abstention from Borrowing.—First Loan Floated since 1903.—Sound Position of Queensland. —Value of State Securities.—Reproductiveness of Railways Built out of Loan Money.—Public Estate Improvement Fund.—How Recourse to Money Market has been Avoided | [49-53] |
[CHAPTER VII.]
THE BOOM DECADE (1880-1890).
| A Great Boom Decade.—Causes of Inflation of Values.—Excessive Rating Valuations.—False Basis of Assessing Capital Value.—Prodigality Succeeded by Financial Stringency and Collapse of Boom.—Difficulty in Determining Real Values.—Sir Hugh Nelson's Legislation.—Sound Finance.—Stability of State.—Prospects Good To-day | [54-56] |